The 'Big Reset' Is Coming: Here Is What To Do

A week ago, Zero Hedge first presented the now viral presentation by Raoul Pal titled "The End Game." We dubbed the presentation scary because it was: in very frank terms it laid out the reality of the current absolutely unsustainable situation while pulling no punches. Yet some may have misread the underlying narrative: Pal did not predict armageddon. Far from it: he forecast the end of the current broken economic, monetary, and fiat system... which following its collapse will be replaced with something different, something stable. Which, incidentally, is why the presentation was called a big "reset", not the big "end." But what does that mean, and how does one protect from such an event? Luckily, we have another presentation to share with readers, this time from Eidesis Capital, given at the Grant's April 11 conference, which picks up where Pal left off. Because if the Big Reset told us what is coming, Eidesis tells us how to get from there to the other side...

Systemic Insurance is the only way to protect wealth from “High Correlation” events.

But more than anything, the one biggest giveaway is near endless complacency: the more the pros exhibit it, the closer we are:

Western economies have enjoyed V-shaped recoveries and domestic peace for over 65 years.

Mainstream investors have never experienced a “reset” or repression, financial or political.

Disdain for history and post-WWII Western exceptionalismunderpin collective hubris:

"There can be few fields of human endeavor in which history counts for so little as in the world of finance.Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of the those who do not have insight to appreciate the incredible wonders of the present.” - John K. Galbraith

Complacency is misplaced – despite apparent normality, the risks are high and growing.

One simple example of the true cost of systemic risks in vitro:

Analyze This: Crisis of September 2008 Without The Bailouts = ? $$,$$$,$$$,$$$,$$$

What's the big deal: they bailed us out before, they will do it again.

Wrong: "Due to massive new debts and politics governments’ capacity for future bailouts is limited."

Which means that systemic hedges should be used by everyone. At what cost though:

But don't take our word for it... Or that of Eidesis. How about that of... the Federal Reserve:

Here is the FRBNY explaining why people own gold:

“For centuries, gold had a profound impact on history, as a symbol and a storehouse of wealth accepted universally around the world.“

“When people are worried about political instability, war or inflation, they often put their savings into gold.”

“Gold functions as a medium of exchange, particularly in areas where currencies are distrusted.”

Why the US government nationalized gold:

The 1933 prohibition against gold ownership “prevented hoarders from profiting after Congress devalued the dollar (in terms of gold)”by 41%.

ACCORDING TO THE NY FED –GOLD IS A “PHENOMENAL ASSET” AND AN “IMPORTANT STORE OF VALUE”GOLD NATIONALIZATION OF 1933 PRECLUDED THE SAVERS FROM PROTECTING THE VALUE OF THEIR ASSETS

What else does the Fed tell us:

THE FED –WE STORE FOR OTHERS; OUR OWN IS OUTSIDE THE BANKS!

“As of early 2008, the Fed’s vault contained roughly 216 million troy ounces of gold“–“about 22 percent of the world’s official monetary gold reserves.”

“The United States owns approximately 27 percentof the monetary gold”–“262 million troy ounces as of 2007.”

“A majority of [the U.S.] reserves is held <…> at Fort Knox, Kentucky, and West Point, New York. Most of the remainder is at the Denver and Philadelphia Mints and the San Francisco Assay Office.”

WATCH WHAT THEY DO; NOT WHAT THEY SAY:THE U.S. GOVERNMENT STORES ITS GOLD WITH THE MILITARY, NOT THE BANKS.APPROXIMATELY 49% OF ALL MONETARY GOLD IS PHYSICALLY LOCATED ON THE U.S. SOIL.

Which means that as we approach the date with the Grand Reset which Raoul Pal predicted could come as soon as the end of the year, and which Soros has as under 3 months and counting, there is only one question:

Comment viewing options

The FED has been continually printing for years now. They just don't admit it, and easily deceive the sheeple. Those who don't think the FED is printing are naive.

Indeed it has been. And naivte and deception of course are explanations for the failure to perceive the increased money supply. An alternative explanation that is also consistent w/the facts is all that newly created money is going exactly no where.

In other words, excessive money creation and rising prices are supposed to go hand in hand (acc. to the hydraulic version of the quantity theory of money), and yet price increases have not been in proportion to money increases. Part of this lack of correspondence of course is duplicitous calculation of price measures like the CPI (see John Williams for more on this). But an important part also is plunging velocity; i.e., the willingness of people to spend the money they have.

Remember too that a critical component that is overlooked in the standard QTM is the mechanism by which prices rise. I am referring here to the bank lending channel (or credit/money/deposit multiplier). Since a good portion of spending rests on credit availability, the lack of credit will depress spending, which brings us to the key point: Despite trillions in bailouts, special lending facilities, and suspension of mark to market rules, banks still refuse to lend. Less lending, less spending.

I am not suggesting that slowing velocity and tighter lending by banks is not the right approach. In fact, policies designed to stimulate lending/borrowing are counterproductive. Im simply trying to explain why despite monumental Fed printing, we're still stuck in financial quicksand. Quite simply, the system needs to be purged of bad debts and criminals need to go to jail. Cleansing and retribution (which is redundant, I realize).

Haters going to hate, no matter what. Could care less. I probably have more gold at the bottom of an untold lake then most here, but when you see a speed bump article, call it for what it is.

Let's start talking about how to apply gold/silver as fucking money and then these goose egg articles will start meaning something. See Max Keiser for a reference Tyler.... At least he doesn't hide behind a pseudonym and actually tries to get the ball rolling!

Good point. I would wager that items in dwindling supply that appeal to the vices will be worth far more than gold in a collapse. Cigarettes, sweets, liquor for sure, books and board games for the bored who can't access electrical devices like this computer.

Moonshine will be very widely available within 6 weeks of a collapse, so good luck thinking the price of alcohol goes through the roof. Of course it will still be valuable! But as valuable as something that can't be concocted in a bath tub? No chance.

We are fairly confident that Larry Summers scored a perfect 800 on the verbal portion of his SAT (of course he said many other things about the SAT too). Perhaps you will be more comfortable taking advice from him?

We're fairly certain that people who sleep with their gold are fucking idiots. If TSHTF it's gonna come down to this...

The preacher man says it’s the end of time And the Mississippi River she’s a goin’ dry The interest is up and the Stock Markets down And you only get mugged If you go down town

I live back in the woods, you see A woman and the kids, and the dogs and me I got a shotgun rifle and a 4-wheel drive And a country boy can survive Country folks can survive

I can plow a field all day long I can catch catfish from dusk till dawn We make our own whiskey and our own smoke too Ain’t too many things these ole boys can’t do We grow good ole tomatoes and homemade wine And a country boy can survive Country folks can survive

Because you can’t starve us out And you cant makes us run Cuz we're them old boys raised on shotgun And we say grace and we say Ma’am And if you ain’t into that we don’t give a damn

We came from the West Virginia coalmines And the Rocky Mountains and the western skies And we can skin a buck; we can run a trout line And a country boy can survive Country folks can survive

I had a good friend in New York City He never called me by my name, just hillbilly My grandpa taught me how to live off the land And his taught him to be a businessman He used to send me pictures of the Broadway nights And I’d send him some homemade wine

But he was killed by a man with a switchblade knife For 43 dollars my friend lost his life Id love to spit some beechnut in that dudes eyes And shoot him with my old 45 Cause a country boy can survive Country folks can survive

Cause you can’t starve us out and you can’t make us run Cuz we're them old boys raised on shotgun And we say grace and we say Ma’am And if you ain’t into that we don’t give a damn

We’re from North California and south Alabam And little towns all around this land And we can skin a buck; we can run a trout line And a country boy can survive Country folks can survive

If you don't have a boat load of silver or gold, you better go live with a country cousin and learn some skills (hunting, fishing, skining, and tanning, farming, animal husbandry) - there may come a time when your present skills prove useless and if you're alone you'll die, if in a community you might get KP duty.

I always admired the numerous skills of my country cousins who could fish and hunt and bring home something to eat with the backyard still hootch. And they knew how to milk the cow and goats, feed the chicks, and how to fix a broken Ford truck or tractor. Most call 'em hillbillies, but those are country boys that can do most anything.

Hope you all got some country cousins of your own, or a boat nearby with a sextant.........oh, you forgot to take celestial navigation classes and get charts to your destination? Good luck when stuxnet or an EMP makes your maritme GPS a paperweight.

Take heed of the message of this article, prepare if you can. Ignore it at your own peril. 'Cus shit happens.

... and as I suspected, here comes the idiot brigade with their downvotes. Most of you assholes couldn't find your way out of a greenhouse if I gave you an axe and a shotgun but lawdy lawd you got GOLD... oh yeah, that'll save ya. IDIOTS.

let 'em laugh..it'll be fun watching them beg for food. ya can't eat gold...or paper. (hey ya think we should make 'em do a bojangles thing, then tell them "sorry, no extra food for you" when they finish begging?)

There's always somebody who's more equal than the rest of us. He's just waiting to trade that missing food for your gold. Find him and do business.

Gold is money. If you need to buy a horse or an anvil, maybe you need to know more than where the Wal-Mart is.

In an emergency, it's not gold that saves your ass. It's using your brain and figuring out how to use your wealth that saves your ass.

I guarantee that no matter how BAAAAD things get, there's always some asshole (with many tough friends) who can get his hands on stuff nobody else can 'acquire.' And he is suddenly your new local Wal-Mart.

Sorry, Turtle. Played football in hs w/a bunch of rednecks who made the underclassmen listen to that effing song every day while we dressed and undressed in the stinkiest clothes in the world. Hard to appreciate it now.

Sure beats that fake punk shit that The Clash spewed out. Joe Strummer was a cluless busker hippy when he saw the Sex Pistols, jumped on the bandwagon and copied the real article. Mick Jones even said so.

Strummer and Mick Jones are tribe members who were the sons of diplomats and were not even working class. The Clash were nig fu**ing phonies. Lydon, Jones, Cook and Matlock were the real article. I would also take Hank Williams over those frauds in The Clash with their faux leftist BS. Their only good song was Janie Jones. Still not in the same league as The Pistols. Not even in Generation X's league.

fuck you and your musical opinion freddie. ask pete townshend if the clash were real. and l.c. ... i feel your flashback pain. they used to play chuck berry, and i'd hide in my headphones and get psyched up to the mahavishnu orchestra. probably resort to them again when TSHTF.

So this is a glimpse of the post-Apocalypse paradise! All those who escaped with their guns and their gold, and who will be trying to trade in a community of like-minded souls loaded to the gills with both and needing little, are going to slaughter each other over their differing musical tastes.

Anybody who was fucked up and an outlier in this society is going to bag his hate, anger and intolerance right next to his buck knife and take it with him to the new beginning.

You folks actually think Brandon Smith of Alt Market and those of his type are going to play second fiddle to you when you meet up on the other side? You think they’ll embrace equality and give every man and woman equal say? How quaint! Meet the new boss, to quote your Peter Townshend.

So your a country boy/girl, well Hooah for You! What YOU fail to realize is what most of us like to call 'reality'.

Case in Point-

Stackers of PM who sound off on this venue don't just maintain PM's, they also keep well stocked food storage, and some even have secondary and tertiary places set up in the EVENT the SHTF and they have time and ability to relocate. Some of us, who don't have access to land, might just have enough things set aside to get out to some distant areas to work some land while we/they use our food stores sparingly until we can pull in a crop large enough to use and trade.

But as with this current economic issue, and historically, that too will come to an end, unless we are prepared for the historical precedents that come next, meaning- utter fucking chaos. People will kill for food over gold/silver and people who never once thought beyond today will be the first to be willing to trade ANYTHING for some of it. The smart prepper has 'tradeable' food just for this occassion. Usually to use to get from primary to secondary to tertiary as the situation calls for it.

Thing is, in today's society, there are other things people will trade for faster and with complete abandon, even if they have to steal from others to pay for it: Drugs, alcohol, and any other vice or life saving requirement. The absolute prepper has something for everyone, or enough of something to at least be able to keep from getting killed if they know how to use it.

Then comes the rebuilding. If you think for half a second that any banker, financial agent, or other PTB doesn't have their body weight in PM's squirraled away somewhere, then you sir are a danger to yourself, your family, and your families future. Because they do. At the end of fiscal turmoil, trade begins somewhere. Whether you, I, or they are still around, something will be used as a basis for some form of barter after all the shooting stops, crops have been harvested and stored, and local forms of self rule have been imposed. THAT is what stackers and preppers are waiting for. Rebuilding. With something. All FRN and GLD/SLV isn't going to 'magically' be reimposed as worth something. Company stocks aren't going to suddenly start paying dividends in the new currency, and banks (or whatever they get called) aren't going to take apples or carrots as a deposit source for the capital needed to keep your family and future sound.

The ones with the PM's will have an edge. Like those dicks who printed all the fiat so they could purchase their bodyweights (as mentioned) and land and everything they needed to rebuild while they laughed at the sheeple who believed that SLV and GLD were as good as gold, or that FRN's would last 500 years as a staple of the world economy. Only those things that have lasted 2500-5000 years are as good as gold, because they ARE gold, and silver.

You don't have to sleep with it, and your assumption that everyone who has more than a few coins does goes to prove both your ignorance and your lack of faith in any type of rebuilding, all while you reference Hank Sr. who was telling you that Country FOLK know how to survive, but they don't do it alone. And being from the country myself, I can trade silver or gold to about a dozen farmers and ranchers for anything they grow or raise, and they wouldn't gripe one bit if the price went down this week or up next. They'd just say 'Thank You Sir, do you want help loading that?'.

So you sir, are the idiot, and you probably aren't 'real' country, just another Garth Brooks starter-kit wearing, shiny-pickemup-truck driving shill.